Taisei

Taisei Corporation developed and retains ownership of The Okura Tokyo, the celebrated hotel in Toranomon, Minato-ku. The firm rebuilt the property between 2015 and 2019, preserving Le Corbusier-influenced modernist design elements in the lobby while adding two new towers. The hotel is a wholly owned commercial asset within Taisei's real estate portfolio, not a separate entity, and generates ongoing hospitality revenue alongside the firm's construction and development operations.

Taisei holds a concession to operate Takamatsu Airport in Kagawa Prefecture, Japan. The concession model reflects a shift from episodic design-build contracts toward long-duration operational revenue from public infrastructure. The firm also secures traditional construction mandates across civil projects — bridges, tunnels, rail — but the airport represents a deliberate move into operating-infrastructure positions that generate recurring cash flows.

The relationship is self-reinforcing. Taisei's construction division designs and builds the assets the corporation then retains as commercial holdings, capturing both the construction profit margin and the long-term property income. The Shinjuku Center Building, The Otemachi Tower, and the Hanoi office property all followed this model. The approach distinguishes Taisei from its super-general-contractor peers who more frequently sell assets upon completion.